12
Jul
16:53
German rebar mills concede further on prices
The massive price correction by German mills, from the irrational heights seen until May, remains in progress. Many observers see this as a hard fall from the high horse the mills rode in spring, then taking advantage of the turmoil of energy prices, materials shortage, and the Ukraine invasion.
Base prices have now undercut the mark of €800/tonne ($805), with big players and southern sources setting the lower end at €750. According to a buyer at a big b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous